Chart of the Day: Business park space vacancy reaches highest level since 2014

The vacancy rate in the Central Region eased to 7.3%.

The islandwide vacancy rate increased by 0.7 percentage points (ppt) quarter-on-quarter in the second quarter, worsening to the highest rate since 2014 at 19.4%, according to a report by Savills.

Savills reported that some areas posted a healthy up-take such as one-north with the Central Region reporting a 7.3%, easing by 0.4 ppt.

ALSO READ: Business park rents to be muted in 2H23: CBRE

Meanwhile, vacancy rates in other areas such as the West Planning Region which reported a 2.4 ppt to 41.9%, and the East Planning Region with a 0.7 ppt increase to 26.3%, due to the lower occupier demand at the CleanTech Park and ESR Bizpark @ Chai Chee.

Follow the link for more news on

Savills

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia